Futures slightly higher ahead of Yellen speech
U.S. stock index futures were slightly higher on Monday as investors awaited a speech by Federal Reserve Chair Janet Yellen, less than a week after the Fed raised interest rates for only the second time since the financial crisis. Yellen will be speaking on "the State of the Job Market" at 1:30 p.m. ET (1830 GMT) at the University of Baltimore.U.S. stocks fell on Friday, weighed by a more than 4 percent drop in Oracle ORCL.O shares and news that a Chinese Navy warship seized a U.S. underwa..>> view original'Trumpflation' trade keeps dollar near 14-year highs
LONDON The dollar steadied close to its highest levels in 14 years on Monday, underpinned by expectations that a fiscal expansion planned by U.S. President-elect Donald Trump will boost inflation and lead to a faster pace of interest rates hikes. The greenback surged to its highest since January 2003 against a basket of currencies last week and threatened parity with the euro, after the U.S. Federal Reserve hinted that rates could rise as many as three times next year.But the dollar drifted a ..>> view originalWaiting for Dow to Breach 20000 Is Main Focus in Markets
LONDON รข€” Global stock markets traded in fairly narrow ranges Monday with most investors monitoring whether the Dow Jones industrial average will finally breach the 20,000 mark for the first time after several near-misses.KEEPING SCORE: In Europe, the FTSE 100 index of leading British shares was up 0.1 percent at 7,020 while Germany's DAX was flat at 11,405. The CAC-40 in France was 0.2 percent lower at 4,825. U.S. stocks were poised for a similarly uninspiring open with Dow futures and the b..>> view originalApple appeals EU tax ruling, says it was a 'convenient target'
By Foo Yun Chee | CUPERTINO, Calif./BRUSSELS CUPERTINO, Calif./BRUSSELS Apple (AAPL.O) has launched a legal challenge to a record $14 billion EU tax demand, arguing that EU regulators ignored tax experts and corporate law and deliberately picked a method to maximize the penalty, senior executives said.Apple's combative stand underlines its anger with the European Commission, which said on Aug. 30 the company's Irish tax deal was illegal state aid and ordered it to repay up to 13 billion euro..>> view originalIran Toughens Talk on US Jet Deal
Iranian officials publicly hardened their resolve to proceed with a multibillion-dollar deal to buy dozens of Boeing Co. jets, threatening to claw back any lost money if the deal is scuttled after the inauguration of President-elect Donald Trump. The officials touted the timing of the agreement to buy 80 aircraft with a $16.6 billion list price from Boeing—ahead of the start of Mr. Trump’s administration—as possibly making it more...>> view originalIsraeli Police Arrest Tycoon Suspected of Bribery in Guinea
JERUSALEM — Israeli police have arrested billionaire businessman Beny Steinmetz on suspicion of bribing officials in the west African country of Guinea.Police spokesman Micky Rosenfeld says Steinmetz was detained Monday and placed under house arrest for two weeks. Rosenfeld said the prominent businessman is suspected of money laundering and bribing public officials in Guinea to promote his business interests there. The arrest was a result of a joint investigation with agencies in the United St..>> view originalHow One Couple Fought For The Legal Right To Leave A Bad Yelp Review
Scott Eells/Bloomberg via Getty Images Scott Eells/Bloomberg via Getty Images The story of a new law starts with some online Christmas shopping gone wrong. In the winter of 2008, John Palmer of Layton, Utah decided to buy his wife Jen a couple of holiday tchotchkes. Things like desk toys and keychains. The order, from the online retailer KlearGear, never arrived. After a testy back and forth with the company..>> view originalUkraine's largest bank rescued by state, prompts call for calm
KIEV Ukraine took over its largest bank on Monday in a move backed by Kiev's international donors to protect the country's financial system and accompanied by an appeal for calm and assurances to depositors from President Petro Poroshenko.In one of the biggest shake-ups of the war-torn country's banking system since Ukraine plunged into economic and political turmoil more than two years ago, the central bank said that PrivatBank had not fulfilled its recapitalization program.Risky lending prac..>> view originalCanada's Fairfax Agrees to Purchase Switzerland's Allied World for $4.9B in Cash
Fairfax Financial Holdings Ltd. agreed to buy insurer Allied World Assurance Co. for $4.9 billion in cash and stock in Chief Executive Officer Prem Watsa’s largest purchase. Fairfax will pay $54 per share, which is 18 percent higher than Allied World’s closing price on Friday. For every share, Allied investors will receive about $10 in cash — half from Fairfax and the rest from a pre-closing dividend by Allied — as well as $44 of Fairfax’s stock, according to a statement from the companies. Tor..>> view originalUpbeat German business morale, Bundesbank signal fourth quarter rebound
BERLIN German business morale rose in December, hitting its highest level since February 2014, the Ifo economics institute said on Monday, while the Bundesbank said it was now expecting growth to have jumped this quarter.Economists welcomed the upbeat Ifo business reading as a sign of economic resilience in the face of uncertainties that are clouding the outlook for Germany, including Britain's decision to leave the European Union, unpredictable U.S. policy under president-elect Donald Trump, ..>> view original
Saturday, February 4, 2017
Futures slightly higher ahead of Yellen speech and other top stories.
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